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president obama taking his message of middle class tax cuts back on the road. he will visit a engine plant in detroit tomorrow. it will pull him into michigan's right to work legislation that limits union ability to organize workers. have you ever fallen asleep by watching tv only to be blasted away by a loud add? >> wow, that's a low price! >> starting thursday, the commercial advertisement loudness mitigation act goes into effect. the law which congress passed in 2010 bans adds from being louder than the tv program they're interrupting. we'll talk about that presidential trip to michigan, and what he'll say about the union showdown there. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited re
president obama taking his message of middle class tax cuts back on the road. he will visit a engine plant in detroit tomorrow. it will pull him into michigan's right to work legislation that limits union ability to organize workers. have you ever fallen asleep by watching tv only to be blasted away by a loud add? >> wow, that's a low price! >> starting thursday, the commercial advertisement loudness mitigation act goes into effect. the law which congress passed in 2010 bans adds...
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isn't it similar, obama demonizing pay your fair share, pay a little more? >> the only reason he got elected is because people believe this. this is the point. it's easy to laugh at the idea that tax cuts make people rich. that's ludicrous. you would have to know nothing about economics to believe something that stupid, but here's the point. a lot of people do, and they do because of material like this. the fact that it's again produced by teachers, the very people we depend upon to educate our kids is horrifying. >> what is the difference between what the president is doing now in this fiscal cliff debate, what he did during the campaign, demonizing bain capital, evil mitt romney, etc., and what this is doing? i'm joking when i say i feel like going out and beating up a rich person. i can understand yeah, those people are horrible and evil. >> it's a zero sum game, and my gain is your loss. i got rich because you are poor. that's exactly what he's saying. >> we could have a really interesting conversation about the distribution of wealth, but he is spouting
isn't it similar, obama demonizing pay your fair share, pay a little more? >> the only reason he got elected is because people believe this. this is the point. it's easy to laugh at the idea that tax cuts make people rich. that's ludicrous. you would have to know nothing about economics to believe something that stupid, but here's the point. a lot of people do, and they do because of material like this. the fact that it's again produced by teachers, the very people we depend upon to...
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. >>> i now want to bring in a man who says president obama's plan would create jobs and cut the deficit. he's democratic congressman chris van hollen, maryland, ranking member of the house budget committee. welcome to you, sir. you said today -- >> good to be with you. >> good to be with you, too. we're in the fourth quarter as we approach the fiscal cliff. if we can deliver like rg iii delivers, we'll be doing well. the question i would ask is why the hell are we in the fourth quarter? why wasn't this done in the first quarter? >> well, piers, as you know, there were a number of efforts before the election to get this done and there were major differences between the parties, and those parties became a big part of the conversation during the presidential debate. the president could not have been clearer that he wanted to do two things. he wanted to boost economic growth by doing things like investing in our infrastructure which used to be a bipartisan idea, but also, extending middle class tax cuts and as you said, asking the wealthiest to pay a little bit more to reduce the deficit. t
. >>> i now want to bring in a man who says president obama's plan would create jobs and cut the deficit. he's democratic congressman chris van hollen, maryland, ranking member of the house budget committee. welcome to you, sir. you said today -- >> good to be with you. >> good to be with you, too. we're in the fourth quarter as we approach the fiscal cliff. if we can deliver like rg iii delivers, we'll be doing well. the question i would ask is why the hell are we in the...
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promising to cut the red tape. now have they all forgotten about the victims? we're back with our political panel. john, you can see the frustration, you know. the man blasting president obama about his vacation to hawaii, just said he doesn't have electricity. you know, what about it? >> it's perfectly understandable and justified. i mean, you have the entire national media swoop in for a story where president obama and chris christie shook hands and that was supposed to be his great heartwarming moment where they were going to come together to fix things. now a month later there are real problems here and government just simply hasn't been working for a lot of these people. you have stories where there are perfectlily got fema trailers sitting in pennsylvania when they could be put to use in new york or new jersey. >> greta: why aren't they there? >> no one knows. i don't know. you hear people telling stories about filling out forms, people who are approved to use the money to stay at a marriott but not a comfort
promising to cut the red tape. now have they all forgotten about the victims? we're back with our political panel. john, you can see the frustration, you know. the man blasting president obama about his vacation to hawaii, just said he doesn't have electricity. you know, what about it? >> it's perfectly understandable and justified. i mean, you have the entire national media swoop in for a story where president obama and chris christie shook hands and that was supposed to be his great...
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the things that people are talking about now, specifically very important people like president obama and speaker boehner, is the tax code and these programs that we sometimes call entitlements, medicare, medicaid and social security. those are the things that are on the table at the moment, not defense. unless the bargain fails, unless the two sides cannot get together and then the thing that will happen, and it will happen quickly, are drastic cuts in defense and domestic spending and an automatic increase in taxes. that is what must be avoided. just because the economy couldn't take it at this stage. we've had relatively slow growth in the economy, and though it seems to be picking up and the last jobs report was quite favorable, having a crash austerity program right now, that's what the fiscal cliff is, would be a big mistake. so the two sides have to get together on this grand bargain. >> well, we certainly hope they do. alice rivlin, thank you very much. >> you're welcome. >>> switching gears now. what is the future for the pop star psy? he may have the most popular video in th
the things that people are talking about now, specifically very important people like president obama and speaker boehner, is the tax code and these programs that we sometimes call entitlements, medicare, medicaid and social security. those are the things that are on the table at the moment, not defense. unless the bargain fails, unless the two sides cannot get together and then the thing that will happen, and it will happen quickly, are drastic cuts in defense and domestic spending and an...
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my view and senator corker's views are different but we will have to find spending cuts. >> heather: brad blakeman is assistant to george w. bush and joe seos peculiar is a former congressman. i want to go to the meeting between obama and boehner, what do you think the significance is and what do you think happened. congressman secretary peculiar i will begin with you? >> i believe -- congressman sespek we'll begin with. >> you we know we need $3 trillion in addition to the $1 trillion you just listed. we know that we have to have about $1.4 trillion. more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we have a susta
my view and senator corker's views are different but we will have to find spending cuts. >> heather: brad blakeman is assistant to george w. bush and joe seos peculiar is a former congressman. i want to go to the meeting between obama and boehner, what do you think the significance is and what do you think happened. congressman secretary peculiar i will begin with you? >> i believe -- congressman sespek we'll begin with. >> you we know we need $3 trillion in addition to the $1...
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. >>> call it a fiscal cliff icebreaker, president obama and house speaker john boehner finally speaking to each other by phone yesterday. there's still no sign of progress or future talks with 26 days remaining until massive tax increases and spending cuts begin. >>> a naked protest at san francisco city hall. the nudists are protesting an ordinance that would force them to cover up in public, starting next year. the activists say the law would violate their civil rights as nudists, the ordinance was sponsored by a local supervisor who says his constituents were tired of seeing a group of naked men every day. >>> a $4.1 million modernization project at los angeles international airport wouldn't be complete without a caviar bar, along with 18 new state of the art boarding gates, the airport is adding 50 premiere luxury and dining outlets. the airport is adding a caviar and champagne bar. >> really? >> why, you ask? one of the chief developers explains the way you capture the flavor of a city is through its food. hello! >> top 1%. >>> if you're away from your television right now, running
. >>> call it a fiscal cliff icebreaker, president obama and house speaker john boehner finally speaking to each other by phone yesterday. there's still no sign of progress or future talks with 26 days remaining until massive tax increases and spending cuts begin. >>> a naked protest at san francisco city hall. the nudists are protesting an ordinance that would force them to cover up in public, starting next year. the activists say the law would violate their civil rights as...
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. >>> up first, president obama standing his ground over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue.
. >>> up first, president obama standing his ground over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on...
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so it's pretty clean, a clean cut case. even the obama administration has already said it doesn't think the constitutionality, defense of marriage act, can withhold a legal attack like this, wolf. >> we expect arguments to be made when and decision to be made? >> i would estimate sometime around march of next year for the arguments. probably sometime around june of next year for a decision by the court, wolf. >> all right, thanks very much. joe johns reporting for us. bring in our senior legal analyst, jeffrey toobin and analyst gloria borger. jeff, first to you, once the supreme court makes that final decision in the spring, maybe by june at the end of the term, we will know whether or not same sex marriage will be legal, not only in those states like new york state or maryland or iowa where it is legal, but throughout the united states. >> it is a possibility, there are limited possibilities. the court specifically took nose in this case, whether the question of whether the people defending the law in california even have
so it's pretty clean, a clean cut case. even the obama administration has already said it doesn't think the constitutionality, defense of marriage act, can withhold a legal attack like this, wolf. >> we expect arguments to be made when and decision to be made? >> i would estimate sometime around march of next year for the arguments. probably sometime around june of next year for a decision by the court, wolf. >> all right, thanks very much. joe johns reporting for us. bring in...
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. >> steve: it is tax cuts for the middle class if president doesn't do something. peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us there is's big gulf between the sides on detailings. republicans don't think that the president is specific enough about the spending cuts he's willing to pass. >> the president doesn't agree with our approach. he's got an obligation to put forward a plan to pass both chambers of congress. right now the american people have to be scratching their head and wondering when the president is going to get serious. >> officials privately expresss would increased optimism about a deal with one senior audiovisor saying that democrats and republicans moved 75 percent of the way toward a deal and i
. >> steve: it is tax cuts for the middle class if president doesn't do something. peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us...
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we just heard a list of all the spending cuts. you know what, the budget. we've been running a trillion dollar deficit every year under this administration. president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to the podium and put tax revenue on the table. this is our moment, this is our -- tip o'neill and president reagan back in the early '80s, they came together. they negotiated to save social security as well as address the spending. and it was a $3 in spending cuts to every dollar in new revenue. and that's the type of approach we need today. >> they never used the issue of debt ceiling in those negotiations. that's relatively new. the president says, i will not play that game. he may have no choice, because the republicans have a decisive majority in the house of representatives. i
we just heard a list of all the spending cuts. you know what, the budget. we've been running a trillion dollar deficit every year under this administration. president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to...
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." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they
." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan...
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john boehner and president obama are finally talking to each other. in 22 days, we go over the cliff's edge, when sweeping tax hikes and spending cuts kick in unless a deal gets done and congress set to go on holiday recess on friday. it must be nice for them. after 23 days of out speaking face to face, president obama and house speaker boehner sat down face to face and had a real-life discussion. i want to bring in white house correspondent brianna killeilar live from washington. we don't have a lot of details. maybe that's a good thing. >> that may be a good thing. the white house and speaker's office putting out a statement really just saying the two men are talking and lines of communication are open. they appear to be talking in good faith. but we don't have any specifics. it's important to notice that this conversation is going on. the president and the speaker, haven't met, have not met for a little over three weeks when they sat down yesterday. and they actually hadn't met one-on-one since the election. it's a pretty big deal. we don't know ex
john boehner and president obama are finally talking to each other. in 22 days, we go over the cliff's edge, when sweeping tax hikes and spending cuts kick in unless a deal gets done and congress set to go on holiday recess on friday. it must be nice for them. after 23 days of out speaking face to face, president obama and house speaker boehner sat down face to face and had a real-life discussion. i want to bring in white house correspondent brianna killeilar live from washington. we don't have...
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. >> eric: president obama offered zero credible spending cuts. zero. he said, we'll defer spending cuts ten, 20 years down the road if we get the tax increases in the meantime. i think it's time -- brit hume had an idea that it may look like the republicans are going to be the problem if we go off the fiscal cliff. i'm going to tend to disagree with what he's going to say. take a listen. >> the american people say it's the gop's fault when the president obviously isn't giving anything at all up. >> well, bill, you know that and i know that in part because we watch fox news and fox news reports it that way, which is the straightforward way to report it. you can find that out from reading other media, but you have to read it carefully because it's not apparent. all the conversation, all the discussion, all the news that's made in this whole discussion since the end of the election has been about what? it's been about tax rates on the rich. >> right. >> that has been the whole story. >> steve: it should be about spending. there are polls that show 60% of
. >> eric: president obama offered zero credible spending cuts. zero. he said, we'll defer spending cuts ten, 20 years down the road if we get the tax increases in the meantime. i think it's time -- brit hume had an idea that it may look like the republicans are going to be the problem if we go off the fiscal cliff. i'm going to tend to disagree with what he's going to say. take a listen. >> the american people say it's the gop's fault when the president obviously isn't giving...
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. >> gretchen: if income taxes go up, should president obama make spending cuts as well? 90 percent said yes. you know why they say yes? that would be fair. if you are going to makelet cuts and increase taxes. people want fair want all right. mr. president take a look. farrah play. >> brian: number one john boehner told everyone in the house plan on coming back after christmas. he said we might do a plan b extend the bush tax cuts. except for those making over $250,000 . reopen the debate for the debt ceiling. time seems too short to get this done and written up. >> gretchen: this is not about time. it is it about people standing their ground. negotiations go up to the last finite minute. people can stand at the courthouse. mr. #1: dont like the way it is working. >> gretchen: if they wanted a deal done. >> steve: the president doesn't want a deal. >> gretchen: they go to the last minute. they should fedex, the poll. income tax go up should the president agree it spending cuts. 89 percent of the americans whompt has that kind of approval rating in the united states. spend
. >> gretchen: if income taxes go up, should president obama make spending cuts as well? 90 percent said yes. you know why they say yes? that would be fair. if you are going to makelet cuts and increase taxes. people want fair want all right. mr. president take a look. farrah play. >> brian: number one john boehner told everyone in the house plan on coming back after christmas. he said we might do a plan b extend the bush tax cuts. except for those making over $250,000 . reopen the...
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the opposite of what obama said. they don't believe it. they want a western european style cradle to grave state. they want to make sure that they preserve it and they want to pay for it. the middle class is going to be nailed and they are going to blame republicans and they are going to have to go back to get more money. isn't it mostly true, taxing the rich, and you poll the whole electric. the middle income people believe they are going to be next. middle income say you are not going to get enough money there. they are going to hit me and there is going to be a carbon tax. president obama needs to expand the government. i wish the majority of the middle class saw it that way. more than half the country felt that his left wing agenda was it. it isn't eventually the middle class is going to get nailed. and the spin will be that republicans jacked up the economy so badly. >> i think that is where this is going. i think there could be a tax and maybe it can't get through congress. but i have never seen a time, i have seen polls on this. tax
the opposite of what obama said. they don't believe it. they want a western european style cradle to grave state. they want to make sure that they preserve it and they want to pay for it. the middle class is going to be nailed and they are going to blame republicans and they are going to have to go back to get more money. isn't it mostly true, taxing the rich, and you poll the whole electric. the middle income people believe they are going to be next. middle income say you are not going to get...
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today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes in telling me why i'm wrong. and our other guest, david johnston wrote "the fine print." stephen, you are our resident anti-tax crusader. i totally agree every penny counts when it comes to your own money. when you compare the taxes most americans paid in past decades i don't get why republicans are screaming bloody murder about this. what would be so bad with the wealthiest among us chipping in a little bit more? i'm emphasizing just a little bit more. >> when you showed that chart of the tax rates that was exactly accurate. we had 70% tax rates in the '70s. that didn't turn out well. then we c
today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes...
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president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look, chris. we have to have a $4.4 trillion solution. i know senator schumer, i've talked with him numbers of times. he knows what we need to do and most republicans and democrats do. i think it's time for the president, he knows that there's a growing body of folks willing to look at the rate on the top 2% but that's only -- could be $400 billion, it made be 800 billion-dollar and many of us are beginning to see we could end up with a lesser revenue increase by agreeing to that. the shift in focus and entitlements is where we go. it's a shame we're not sitting down and solving this but r
president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look,...
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in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to hire taxes for the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on wher
in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to hire taxes for the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can...
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it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the
it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united...
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president obama remains insistent th republicans yields to his ultimatum that he be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reduce trillion dollar deficits and a national debt that is now mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on fiscal policy that would make both casey stiegel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getng fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: tha's right. pelosi says we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the form
president obama remains insistent th republicans yields to his ultimatum that he be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reduce trillion dollar deficits and a national debt that is now mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on...
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send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shoot-out with the man that reportedly opened fire earlier on several people, three of whom died. his two young daughters were wounded, and police chased the suspect and said he shot at them, too. >>> the national menorah in front of the white house, illuminated tonight, marking the start of hanukkah. of course, no hanukkah celebration would be complete without a spinning draddel. >> the big event at the nation's capital, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisoriers. emily schmitt has a look at the upcoming cabinet. >> this is a wonderful opportunity
send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shoot-out with the man...
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if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for before president obama was in office. and as i said before, he has, with the house republicans has already signed in law a trillion dollars in cut. and he'll do more. and i think that's encouraging and i think that shows he's willing to be plexable there, to angela's point which i agree with, a lot of what you're seeing is political theater. >> jamie: we're running out of time, doug. >> i agree. and that's true, but look, neither side wants to go over the cliff. politically it would be disastrous. >> for both sides. >> exactly, and for the president, he's the got an ambitious agenda next year, he wants to d
if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for...
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the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough moves with conservatives in his own caucus, kicking them off committees. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the house republican caucus to swallow some marginal tax rate increase and a debt limit increase especially if they have got something to show for it. and the irony here, on a whole variety of issue, the democrats should actually be in favor of certain kinds of progressive entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as opposed to waiting and having that potentially come back. in addit
the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough moves with conservatives in his own caucus, kicking them off committees. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question....
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that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: what are your thoughts? >> i love the word ask her if is that this is a chervil contribution as opposed to money being taken forcibly. second, what's he asking anyone to sacrifice other
that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that...
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on the first $250,000 of their income. >> well, what if the obama administration lets it happen? what happens to the average american family. joining us here, is congressman randy forbes, nice to have you on the show. >> thank you, governor. >> let me ask you something, do you feel that the president actually wants it to happen so it gives him some political advantage? >> well, governor, i just have to judge that by two things, first of all, what i'm hearing from my colleagues on the democratic leadership side and told me as late as last week, they wanted to go over the fiscal cliff because we've argued all along they'll start by simply taxing everybody above 200,000, but that will continue and this'll lower at that rate and limit and they told me they'd vote for everything that tax everybody above $150,000 and secondly you look at the president as actions. the president doesn't want an agreement or compromise, he wants to get his way and that's why he won't come to the table with any serious proposal and talk, because we could get a solution that everybody could live with. >> it
on the first $250,000 of their income. >> well, what if the obama administration lets it happen? what happens to the average american family. joining us here, is congressman randy forbes, nice to have you on the show. >> thank you, governor. >> let me ask you something, do you feel that the president actually wants it to happen so it gives him some political advantage? >> well, governor, i just have to judge that by two things, first of all, what i'm hearing from my...
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president obama continues his pressure campaign to pass the middle class tax cuts. the president is also taking time to be festive this holiday season. meantime, john boehner doesn't sound so merry. >> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone conversation with the president. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> boehner says the president is not being a helpful negotiator, even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussi
president obama continues his pressure campaign to pass the middle class tax cuts. the president is also taking time to be festive this holiday season. meantime, john boehner doesn't sound so merry. >> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone...
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that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're lik
that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax...
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here's the top ten led by the second-year running, president barack obama. the highest ranking female, angela merkel. then mr. putin of russia. bill gates, pope benedict, ben bernanke, saudi king. more on how the list was assembled and other details, forbes media ceo, mike, thanks for being with us. >> this is important to us because nothing personifies what we do at forbes like our power list. we're about success and the impact of people who achieve success have. we have ten editors who get together. we draw on a huge bank -- >> they always agree on everything. don't they? >> exactly. there is some subjectivity, i must admit. they talk about the number of people that someone influences. the amount of financial resources that they have. how many spheres they operate in, are they just financial or are tle political or philanthropic. the fourth criteria is do they act on their power, do they use their power. and if you look at -- >> that's the reason why bill gates would rank so high here is how he has used some of his financial power in the philanthropic sphe
here's the top ten led by the second-year running, president barack obama. the highest ranking female, angela merkel. then mr. putin of russia. bill gates, pope benedict, ben bernanke, saudi king. more on how the list was assembled and other details, forbes media ceo, mike, thanks for being with us. >> this is important to us because nothing personifies what we do at forbes like our power list. we're about success and the impact of people who achieve success have. we have ten editors who...
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down. >> house speaker john boehner and president obama have resumed negotiations. democrats are standing firm against a plan to keep tax breaks for the wealthy. >> i see their proposal as an assault on the middle class. >> we are not going to negotiate this now. >> now there's a new twist. president obama wants to authority to borrow more money without being blocked by congress. >> he is assuming unprecedented power. >> the job numbers could tell another story. millions hoping washington can work this out. >> the closer it gets to the brink, more stressed they are going today. >> the president will not budge on raising tax rates for the wealthiest americans. there is no plan b. tracie potts, wbal-tv 11 news. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commute. overall, we are doing pretty well. there is an accident on york road at fox tail road. no problems down to the beltway. 95 south from the white marsh area. you can see the brake lights falling into place. 16 miles per hour down towards the
down. >> house speaker john boehner and president obama have resumed negotiations. democrats are standing firm against a plan to keep tax breaks for the wealthy. >> i see their proposal as an assault on the middle class. >> we are not going to negotiate this now. >> now there's a new twist. president obama wants to authority to borrow more money without being blocked by congress. >> he is assuming unprecedented power. >> the job numbers could tell another...
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>> i am fine with cutting spending levels. [talking over each other] [talking over each other] megyn: great job. coming up, bob costas offers verification on his talk about gun culture after a murder suicide of a nfl player. and police traffic cameras. red light cameras in one city are the subject of a major class-action. why drivers claimed the cameras keeping neighborhoods if they are big methods of bringing in cash megyn: sportscaster bob costas offering clarification for his on-air comments about the nfl player who shot his girlfriend and then killed himself last weekend. those comments were made during the eagles and cowboys football game on sunday night. he blamed what he called america's gun culture for america's case of gun violence. here's a little from the comments on sunday night the matter tandems do not enhance our safety. they exacerbate our flaws. they beat us into embracing confrontation rather than avoiding it. in coming days, javon pilcher's actions and attention to football will be analyzed. who knows, but h
>> i am fine with cutting spending levels. [talking over each other] [talking over each other] megyn: great job. coming up, bob costas offers verification on his talk about gun culture after a murder suicide of a nfl player. and police traffic cameras. red light cameras in one city are the subject of a major class-action. why drivers claimed the cameras keeping neighborhoods if they are big methods of bringing in cash megyn: sportscaster bob costas offering clarification for his on-air...
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president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are brothers and playful. they like to pounce on each other and climb and use each other as trampolines. they arrived earlier from the nashville view where there's a successful breeding program saying hello for the endangering expertise. they are adorable but grow into big guys. >> you want to take them home until they get really big. >> and send them back to the zoo. >> it's 5:20 hoping to stop the slide. did the raiders beat the broncos in oakland last night. >> i think we all know. >>> he's back at it, the dunk by lebron james that has earned our play of the day. >> did the raiders play in oakland yesterday, that's a better question. here's your snow report. if you're headed to the high country
president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are brothers and playful. they like to pounce on each other and climb and use each other as...
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republicans offered president obama a proposal that retained the bush tax cuts for the wealthy, and now they say the ball is in the president's court. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> both sides promise to cut trillions from government spending over the next decade, but the republicans insist they can do it without raising taxes on the rich. president obama insists that's a nonstarter. he shared his message with rich folks at the business round table. he told them they could handle paying more in taxes. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that will affect your spending, your lifestyles, or the economy in any significant way. >> business round table is a lobby group made up of some of the country's biggest ceos, ceos of some of the country's bigg gt companies. if you don't know what the fiscal cliff is, you've probably been living under a rock. i found this explanation. this is mr. burns from
republicans offered president obama a proposal that retained the bush tax cuts for the wealthy, and now they say the ball is in the president's court. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> both sides promise to cut trillions from government spending over the next decade, but the republicans insist they can do it without raising taxes on the rich. president...
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obama will be visiting the northern virginia home of tiffany and richard santana. the president says that every day that passes without a solution to the fiscal problem creates more stress and uncertainty for american families. the santana's say that the tax increase would amount to two months' rent or their family. >> a new poll for the associated press vice president about approval ratings are high but americans are divided on what kind of president he has bed. obama approval rating stands at 57%, the highest since the raid that killed osama bin live in. 37 percent say obama has been above average are outstanding while 26 percent say he's been below average. another 25 percent say he's just average. >> the 2012 presidential election has become the most expensive in history. the election of the 2 million billion dollar mark in its final weeks. mitt romney raised nearly $86 million in fund raising in the elections last weeks. the final push brought the romney campaign total to more than $1 billion. final totals for present obama as reelection campaign was also more
obama will be visiting the northern virginia home of tiffany and richard santana. the president says that every day that passes without a solution to the fiscal problem creates more stress and uncertainty for american families. the santana's say that the tax increase would amount to two months' rent or their family. >> a new poll for the associated press vice president about approval ratings are high but americans are divided on what kind of president he has bed. obama approval rating...